LONDON - Sabien Technology Group PLC (AIM: SNT), a company specializing in energy reduction technologies, announced today that its shareholders have approved all proposed resolutions during the Annual General Meeting (AGM). The AGM's successful conclusion enables the company to proceed with the admission of 1,396,248 new Ordinary Shares to trading on the AIM market.
The new shares are expected to commence trading around December 23, 2024, following the company's previous announcement on November 19, 2024. This issuance will affect the holdings of the company's board of directors and persons closely associated with them.
Post-admission, Executive Chairman Richard Parris will hold 6,393,422 shares, representing 25.55% of the enlarged share capital. Chief Financial Officer Edward Sutcliffe will have a 0.74% stake with 184,589 shares. Non-Executive Directors Charles Goodfellow and Ranald McGregor-Smith will hold 1.12% and 1.08% respectively, with Goodfellow owning 279,487 shares and McGregor-Smith 269,230.
The company's statement indicated that detailed results of the AGM votes would be made available on its website in due course. This development is part of Sabien's ongoing efforts to manage its capital and enhance shareholder value.
The information provided in this report is based on a press release statement from Sabien Technology Group PLC.
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